Hedge Fund Tracking: Lee Ainslie’s Maverick Capital, Q3 2008

Seeking Alpha – This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. We’ve already covered Whitney Tilson’s T2 Partners, Peter Thiel’s Clarium Capital, Bill Ackman’s Pershing Square, and Stephen Mandel’s Lone Pine Capital. Next up, we have Maverick Capital. Lee Ainslie started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie, like many of the other fund managers we’ve profiled, has a background rooted in learning from legendary great Julian Robertson at Tiger Management.

These protégés (nicknamed ‘Tiger Cubs’) learned from the best and have had great success running their own funds. Some contacts over at Maverick have explained that its strategy is straight up stock picking, both long and short. The company made it clear though, that the company does not employ pairs trades, although, some of its long/short setups might be in the same sector.